Club Sebago Association Inc
Club Sebago Association Inc shows consistent revenue growth and financial stability with no reported officer compensation.
EIN: 10493055 · Casco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $6.8M |
| Transparency Score | 88/100 |
Is Club Sebago Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Club Sebago Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Club Sebago Association Inc
Club Sebago Association Inc (EIN: 10493055) is a nonprofit organization based in Casco, ME. The organization reported total revenue of $1.3M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Club Sebago Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Club Sebago Association Inc is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$30K |
| Total Assets | $6.8M |
| Total Liabilities | $24K |
| Net Assets | $6.8M |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 71.5 months |
Financial Health Grade: A
In 2023, Club Sebago Association Inc reported a surplus of $30K with revenue exceeding expenses, holds 71.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Club Sebago Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +16.3% | +0.4% |
| 2022 | +25.9% | +45.7% | +1.8% |
| 2021 | +17.4% | -8.4% | +3.6% |
| 2020 | +2.8% | +4.7% | +1.1% |
| 2019 | +13.7% | +5.1% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Club Sebago Association Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Club Sebago Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $1 million in annual revenue and nearly $7 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Club Sebago Association Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Club Sebago Association Inc:
- Consistent revenue growth, increasing from $533,709 in 2014 to $1,174,948 in 2023.
- Strong financial stability with consistent operating surpluses (e.g., $29,611 surplus in 2023).
- No reported officer compensation across all filings, indicating high resource allocation to mission.
- Healthy asset growth from $5.9 million in 2014 to $6.8 million in 2023.
- Low and stable liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about Club Sebago Association Inc
Is Club Sebago Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Club Sebago Association Inc (EIN: 10493055) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Club Sebago Association Inc spend its money?
Club Sebago Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Club Sebago Association Inc tax-deductible?
Club Sebago Association Inc is registered as a tax-exempt nonprofit (EIN: 10493055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Club Sebago Association Inc CEO make?
Club Sebago Association Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Club Sebago Association Inc's spending goes to programs?
Club Sebago Association Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Club Sebago Association Inc located?
Club Sebago Association Inc is headquartered in Casco, Maine and files with the IRS under EIN 10493055.
How many years of IRS 990 filings does Club Sebago Association Inc have?
Club Sebago Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Is Club Sebago Association Inc financially stable?
Yes, Club Sebago Association Inc appears financially stable, consistently generating surpluses (e.g., $1,174,948 revenue vs. $1,145,337 expenses in 2023) and growing its assets from $5.9 million in 2014 to $6.8 million in 2023.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, more than doubling from $533,709 in 2014 to $1,174,948 in 2023.
Does Club Sebago Association Inc pay its officers?
Based on the provided IRS 990 data, Club Sebago Association Inc reports 0% officer compensation across all 13 filings, indicating no salaries are paid to its officers.
Filing History
IRS 990 filing history for Club Sebago Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Club Sebago Association Inc's revenue has grown by 153.5%, moving from $463K to $1.2M. Total assets increased by 20.1% over the same period, from $5.7M to $6.8M. Total functional expenses rose by 154.3%, from $450K to $1.1M. In its most recent filing year (2023), Club Sebago Association Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $24K in liabilities against $6.8M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $6.8M | $24K | — | View 990 |
| 2022 | $1.1M | $985K | $6.8M | $24K | — | View 990 |
| 2021 | $881K | $676K | $6.7M | $32K | — | View 990 |
| 2020 | $751K | $738K | $6.4M | $363K | — | — |
| 2019 | $730K | $705K | $6.4M | $307K | — | View 990 |
| 2018 | $642K | $671K | $6.3M | $254K | — | View 990 |
| 2017 | $594K | $630K | $6.3M | $195K | — | View 990 |
| 2016 | $560K | $563K | $6.2M | $205K | — | View 990 |
| 2015 | $533K | $533K | $6.0M | $173K | — | View 990 |
| 2014 | $534K | $525K | $5.9M | $168K | — | View 990 |
| 2013 | $517K | $508K | $5.8M | $142K | — | View 990 |
| 2012 | $496K | $496K | $5.7M | $132K | — | View 990 |
| 2011 | $463K | $450K | $5.7M | $113K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $6.8M (revenue +5.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $985K, and assets of $6.8M (revenue +25.9% year-over-year).
- 2021: Revenue of $881K, expenses of $676K, and assets of $6.7M (revenue +17.4% year-over-year).
- 2020: Revenue of $751K, expenses of $738K, and assets of $6.4M (revenue +2.8% year-over-year).
- 2019: Revenue of $730K, expenses of $705K, and assets of $6.4M (revenue +13.7% year-over-year).
- 2018: Revenue of $642K, expenses of $671K, and assets of $6.3M (revenue +8.0% year-over-year).
- 2017: Revenue of $594K, expenses of $630K, and assets of $6.3M (revenue +6.2% year-over-year).
- 2016: Revenue of $560K, expenses of $563K, and assets of $6.2M (revenue +5.0% year-over-year).
- 2015: Revenue of $533K, expenses of $533K, and assets of $6.0M (revenue -0.1% year-over-year).
- 2014: Revenue of $534K, expenses of $525K, and assets of $5.9M (revenue +3.2% year-over-year).
- 2013: Revenue of $517K, expenses of $508K, and assets of $5.8M (revenue +4.3% year-over-year).
- 2012: Revenue of $496K, expenses of $496K, and assets of $5.7M (revenue +6.9% year-over-year).
- 2011: Revenue of $463K, expenses of $450K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Club Sebago Association Inc:
Data Sources and Methodology
This transparency report for Club Sebago Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.